Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB

Be careful

[ABDPhil]

I would hate to be in that cage. Asset values could deteriorate rapidly, and good luck selling after that.

 

Excluding the manipulative cross trades of the last few days, debentures have risen on ridiculous volume.

 

Be careful

[Tree2tree]

Thank you ABD for bringing SOT.UN to the attention of your group of novice investors who are no doubt looking for alternatives to their dead-end investment.  There is money to be made here.

[ABDPhil]

The most novice of all novices has understood that your goal is to escape from this cage. Without liquidity, an increase in value is not very useful. Until February 2026, you will have to tolerate the level of risk of these degraded debentures. Waiting was surely not your intention. Otherwise, why would a "professional" like you come and pump a debenture on Stockhouse, rather than wait

[HRc60to65]

THe volume is rediculous. Only few holders are selling.  Buyers have to pay more to get the debentures. I know it because I am a buyer, but I am limiting my bid to the lowest possible price.  I am accumulating the debentures up to their maturity.  I hope ithe debentures will be exchanged in sot.un at maturity.

[Tree2tree]

HR thanks for mopping up those loose shares.  The desperation selling seems to be slowing down.

[HRc60to65]

I pick some (15 000$)  7.5% bonds at 31.20$

[rad10]

  lol - classic fomo.   you know more than the Brady bunch and G2S2 - because they aren't buying.

[Tree2tree]

rad, you are free to chirp here but your credibility is gone already.

[HRc60to65]

I do not know more than anyone.   I am only evaluating building with occupency level by building to calculate the Slate Office value.

[HRc60to65]

“G2S2”) holds, through its wholly-owned subsidiary, Armco Alberta Inc., a corporation controlled by George  Armoyan and Sim Armoyan, the following securities of the REIT: 15,110,200 Units, representing approximately 17.71% of the outstanding Units $1,897,000 aggregate principal amount of 9.00% convertible unsecured subordinated debentures $2,329,000 aggregate principal amount of 5.50

[rad10]

Fairly confident G2S2 will be first in line to pick up the better maritime assets. i have made some great money mirroring Georges trades.  Royal Host debentures worked out well.

[Tree2tree]

Good find, HR.  I hadn't realized GA was a signficant holder of debentures as well.

[HRc60to65]

Since the big drop in bond (June 28 for 7.5% and June 26 for 5.5% and 9%), each series have traded approxymately 4M$ of bonds face value 14% traded for the 9% 9% traded for the 7.5% 4.8% traded for the 5.5%

[HRc60to65]

Personnaly, I do not think the interest on the bonds will be paid before December 2025.   The interest will be paid one day in cash or in sot.un. In BK case bonds wil get 80% of the new common shares and lenders 20% or less + 100% secured loans

[rad10]

  That's why G2S2. time limited the 65% debt to equity easement........ ithe easement expires December 2025. Its my first rodeo lol.  So thankful to have Private equity visionaries point things out.....    

[pennylane101]

A lot of the trades in the teens and even low 20's the average Joe couldn't get in.  I managed to snag a few. The buy and sell trades were synchronized. I suspect a lot of it was tax loss selling.

[pennylane101]

I'm referring to large trades in the hundreds of thousands and millions.  Yes, every once in a while a few scraps were thrown out here and there.  I managed to snag about 150,000 in total in the mid teens.

[Tree2tree]

I don't suspect tax loss selling.  I think it's just everyday panic selling by people who see something going down, and are not able to do the analysis to understand the assets and the likely outcomes.   

[Northforce13]

"I don't suspect tax loss selling.  I think it's just everyday panic selling by people who see something going down, and are not able to do the analysis to understand the assets and the likely outcomes. " I think similarly. Meanwhile we all await developments to see what happens. On the debt front there appears to be * mortgage debt on individual properties, which is a

[pennylane101]

I'm just thankful I got in and managed to average down from my initial bond purchases.  With interest rates set to fall, and if the company does recover, which I'm sure it will,  it will be amazing to get a higher interest rate on the money and not the 1% per annum the banks so generously pay. Thankfully, I did lock into provincial and municipal bonds paying about 5%.  I'

[rad10]

  I hope it works out.  I have some fun money in the debentures.  This is flutter money. WB regularly eats at McDonalds with his buddy Bill Gates. The people you refer to at Alo and Don Alfonso are usually maxed out and often don't tip very well...... There's nothing more amusing than watching rapidly diminishing old money try to maintain appearances..... Getting

[pennylane101]

Speaking of Warren Buffet, I spent my spare time when not kayaking and hiking,,at Algonquin Park  reading believe it or not, "Security Analysis" by Graham and Dodd. Interestingly enough, it deals mainly with bonds as you probably know.  I wonder if the authors would have ruled out the Slate debentures?  Maybe. You have fun money in the debentures?  Haha.  All my

[rad10]

  I think it's safe to say that the authors would have ruled out Slate Debentures. Doesn't your book mention "safety of principal and a satisfactory return"  Serious money left these Debentures a while ago.  This is a speculative flutter, not an investment. Fixed income funds don't deal in busted converts that are in default. Have you called Slate Asset

[pennylane101]

Fund managers can't afford to take risks the way retail investors can. They have a reputation to uphold to their clients and their employers.  So you don't believe that when the bonds sank to the low teens that it was tax loss selling. What do you think it was, "wash trading" to create the illusion of panic?   The trades were synchronized.  Just my

[Tree2tree]

Penny, don't take anything posted by rad so seriously.  He is actually on the buy, and is very transparently trying to talk people out of their shares by posting any kind of garbage.

[rad10]

Short plank x 2.  You haven't explained why SLAM don't return phone calls.........  

[Tree2tree]

Wtf?  Excuse me, I don't work for SLAM, I work for myself.  And if you call me I will not return your call either.  The more you post, the more you reveal...

[rad10]

  lol - such a rookie.  You aren't investor relations for a publicly listed asset management company..... what value would a phone call with "2 short planks" add ?  Zip, nada, zilch.....   Tax loss selling in Early September.....  toolbox.....  

[pennylane101]

Rad,  Was "Toolbox" a reference to me??  Yup, I can see this is deteriorating real fast.  Very few investors are reluctant to part with their debs.  I know it's tough.  Sorry guy.;0)  

[rad10]

  not at all penny.  It's the guy who can't accept inconvenient facts.   let me know if you manage to get through to SLAM IR.  Interesting to hear what they have to say.

[pennylane101]

Thanks Tree, I have no intention of parting with any of my debentures.  I try to stay focused on things that matter most and not noise. 

[ABDPhil]

  For a "newbie", these comments are relevant. Well said, Rad10.

[rad10]

  I don't suspect tax loss selling either.  25 degrees and a beautiful early fall day both suggest it's rather unlikely.   A sneak peak in the calendar after an espresso helped confirm this point of view.  

[rad10]

  you really have been asleep at the wheel.  Question is how much secured financing has G2S2 provided